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Moneta Money Bank as (MONET.PR)

MONET.PR on Prague Stock Exchange

79.80CZK
22 Mar 2019
Change (% chg)

0.80Kč (+1.01%)
Prev Close
79.00Kč
Open
79.35Kč
Day's High
80.00Kč
Day's Low
79.20Kč
Volume
988,264
Avg. Vol
1,276,632
52-wk High
86.25Kč
52-wk Low
71.30Kč

Latest Key Developments (Source: Significant Developments)

MONETA Money Bank Says Remains Open For Acquisition Or Merger Opportunities
Wednesday, 27 Feb 2019 

Feb 26 (Reuters) - Moneta Money Bank as ::MONETA MONEY BANK CONFIRMS TERMINATION OF DISCUSSIONS REGARDING POTENTIAL ACQUISITION OF AIR BANK AND HOME CREDIT'S CZECH, SLOVAK BUSINESSES.MONETA MONEY BANK SAYS MANAGEMENT WILL CONTINUE TO FOCUS ON EXECUTION OF ITS STRATEGY ON STANDALONE BASIS, SEEKING TO OUTPERFORM MARKET THROUGH ORGANIC GROWTH.MONETA MONEY BANK SAYS MANAGEMENT REMAINS OPEN FOR ACQUISITION OR MERGER OPPORTUNITIES.MONETA MONEY BANK SAYS.  Full Article

Czech lender Air Bank's 2018 profit jumps -CTK
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Moneta Money Bank as ::CZECH LENDER AIR BANK, UNDER PENDING ACQUISITION BY MONETA MONEY BANK, REPORTS 2018 NET PROFIT CZK 1.4 BILLION, UP 139 PERCENT -CTK.AIR BANK SAYS ONE-OFF DIVIDEND INCOME FROM SUBSIDIARIES BOOSTED 2018 PROFIT -CTK.Previous stories: nP7N1KW02RnL8N1WO111.  Full Article

Moneta says will try renegotiate some conditions of Air Bank, Home Credit acquisition
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Moneta Money Bank as ::MONETA SAYS COMPLETES DUE DILIGENCE PROCESSES, CONTINUES IN NEGOTIATIONS ON INTENDED ACQUISITION OF AIR BANK AND CZECH, SLOVAK OPERATIONS OF HOME CREDIT.MONETA SAYS BANK LEADERSHIP WAS ASKED TO RENEGOTIATE SOME CONDITIONS OF THE DEAL.MONETA SAYS CHANGES SHOULD REFLECT CURRENT CAPITAL MARKETS SITUATION, SHAREHOLDER FEEDBACK.MONETA SAYS WILL FOCUS ON FUTURE CHANGES TO VALUATION AND FINANCING CONDITIONS OF PROPOSED TRANSACTION, WILL UPDATE DEAL TIMELINE.  Full Article

Moneta Money Banks sells further NPL portfolio
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Moneta Money Bank as ::MONETA MONEY BANKS SAYS COMPLETED SALE OF NPL PORTFOLIO WITH NOMINAL VALUE OF CZK 1 BILLION, TO REALISE EXTRAORDINARY PRE-TAX PROFIT OF CZK 100 MILLION.  Full Article

Czech Air Bank's 9M profit jumps ahead of sale to Moneta
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Moneta Money Bank as ::CZECH AIR BANK, UNDER PENDING ACQUISITION BY MONETA, SAYS JAN-SEPT NET PROFIT CZK 1.22 BILLION VERSUS CZK 285 MILLION YEAR AGO.Czech lender Moneta Money Bank <<>> announced plans this month to acquire domestic peer Air Bank and other assets in one of the largest deals in the Czech banking sector in recent years. nL8N1WO111.  Full Article

Moneta CEO says new entity will pay 70 pct of profit as dividend
Monday, 8 Oct 2018 

Oct 8 (Reuters) - Moneta Money Bank as ::MONETA MONEY BANK CEO SAYS BUSINESS CASE AFTER AIR BANK/HOME CREDIT OPERATIONS ACQUISITION SEES CAPITAL RATIO TARGET 17 PERCENT, INCLUDING 100 BPBS MANAGEMENT BUFFER.MONETA MONEY BANK CEO SAYS COMBINED ENTITY WITH AIR BANK/HOME CREDIT OPERATIONS WILL PAY 70 PERCENT OF PROFIT AS DIVIDEND.MONETA MONEY BANK CEO SAYS EXPECTS TO PAY LOWER DIVIDEND IN 2019 DUE TO RESTRUCTURING CHARGE IN RELATION TO ACQUISITION.  Full Article

Moneta in talks with Home Credit on Czech-Slovak businesses
Monday, 8 Oct 2018 

Oct 8 (Reuters) - Moneta Money Bank as ::HOME CREDIT SAYS MONETA EXPECTED EXPECTED TO ACQUIRE 100 PERCENT SHAREHOLDING IN AIR BANK AND IN THE CZECH AND SLOVAK BUSINESSES OF HOME CREDIT.HOME CREDIT SAYS AS CONSIDERATION HOME CREDIT EXPECTED TO SUBSCRIBE 165.6 MILLION OF SHARES NEWLY-ISSUED BY MONETA, PRICED AT CZK 13.0 BILLION.HOME CREDIT SAYS ADDITIONALLY MONETA IS EXPECTED TO PAY TO HOME CREDIT GROUP A CASH CONSIDERATION OF CZK 6.75 BILLION.HOME CREDIT SAYS TRANSACTION IS EXPECTED TO CLOSE ON 1 JULY 2019.MONETA MONEY BANK SAYS EPS AND DIVIDEND PER SHARE OF COMBINED ENTITY TO INCREASE BY AT LEAST 10 PERCENT IN FIRST FULL YEAR POST-CLOSING.MONETA MONEY BANK SAYS IRRESPECTIVE OF TRANSACTION, EXPECTED 2018 DIVIDEND WILL NOT BE AFFECTED.  Full Article

Moneta Money Bank improves profit outlook but sees lower dividend
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Moneta Money Bank as ::MONETA MONEY BANK SAYS H1 LOAN BOOK GROWTH 13.4 PERCENT Y/Y.MONETA MONEY BANK SAYS H1 NET PROFIT CZK 2.1 BILLION.MONETA MONEY BANK Q2 NET PROFIT CZK 0.948 BILLION VERSUS CZK 0.986 BILLION SEEN IN REUTERS POLL.MONETA MONEY BANK Q2 NET BANKING INCOME CZK 2.39 BILLION VERSUS CZK 2.38 BILLION SEEN IN REUTERS POLL.MONETA MONEY BANK SAYS MANAGEMENT WILL CONSIDER TO PROPOSE 2018 DIVIDEND PAYOUT OF CZK 5 GROSS PER SHARE.MONETA MONEY BANK SAYS Q2 NET INTEREST INCOME CZK 1.78 BILLION, UP Q/Q.MONETA MONEY BANK SAYS CZK 648 MILLION GAIN DELIVERED TO COST OF RISK FROM SALE OF NOMINAL VALUE OF CZK 3.6 BILLION OF NPLS.MONETA MONEY BANK SAYS EXPECTS TO APPROACH 15.5 PERCENT CAPITAL ADEQUACY RATIO BY END 2018 ACCORDING TO PLAN.MONETA MONEY BANK SAYS TARGETING TO DELIVER FY 2018 CONSOLIDATED NET PROFIT OF AT LEAST CZK 3.7 BILLION (PREVIOUS GUIDANCE CZK 3.5 BILLION).MONETA MONEY BANK SEES COST OF RISK IN 2018 AT 20-30 BPS (PREVIOUS FORECAST 35-45 BPS).  Full Article

Moneta CEO says to repeat NPL sales next year
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Moneta Money Bank As :Moneta CEO Tomas Spurny says selling CZK 4.9 billion in non-performing loans this year.Says we plan to at least repeat CZK 5 billion in sales of NPLs next year.NPL sales will have positive impact on cost of risk.Says we expect growth in NPLs due to interest rate growth ahead; but so far have cut NPLs to 4.4 percent from nearly 15 pct several years ago.Would not comment more on dividend plans until February; bank has been distributing excess capital.Says implementing IFRS 9 standards will raise cost of risk by 10-15 percent.Says delivering on our strategy to pay strong dividend while restructuring bank for growth.Says lending growth ate CZK 821 mln in capital this year.Says mortgage rates up; consumer lending rates still down, we hope this trend will stop with growing official interest rates.Says we bought about CZK 3 billion in state bonds in Q3, plan more as monetary policy changes market.Costs dropping, under control.Building digital platforms as source for growth .  Full Article

Moneta raises guidance after Q3 net profit of CZK 924 mln
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Moneta Money Bank As :Moneta says Q3 net profit CZK 924 million versus 909 million year ago.Moneta says full-year net profit guidance CZK 3.9 billion CZK versus previous target 3.65 billion and original guidance of 3.4 bln.Moneta says plans to pay out significantly above 70 percent of net profit in dividend for 2017.Moneta says expecting full-year cost of risk 50-60 bps vs original guidance of 100-110 bps.  Full Article

Shares in Czech bank MONETA rise after Air Bank deal fails

PRAGUE, Feb 27 Shares in Czech lender MONETA Money Bank rose on Wednesday after Home Credit Group pulled out of a deal to sell its Czech and Slovak businesses to the bank after MONETA lowered its proposed offer price following shareholder pressure.